Otp frauds articles
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Combating OTP frauds; Ather’s new funding round
Happy Tuesday! The government is working with SBI Card and telecom companies to tackle the menace of OTP-based online payment frauds. More on this in today’s ETtech Morning Dispatch.Also in the letter:■ WeWork to sell 27% stake in India unit■ Europe is a hotspot for Indian IT M&As■ Peak XV MD to leave VC fund Centre, SBI Card, telcos come together to tackle OTP frauds 109515406The government has teamed up with SBI Card, the credit card business of State Bank of India and telecom...
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Govt teams up with SBI Cards, telcos to combat OTP frauds
India’s home ministry, SBI Cards and Payment Services Ltd (SBI Card) and telecom operators have partnered to develop an innovative solution for alerting about stolen one-time passwords as part of a broader effort to combat the growing threat of cyber fraud and phishing attacks on the banking ecosystem.According to two people in the know, the Centre is testing a solution that will allow banks to track the registered address as well as geolocation of a customer and where an OTP is getting...
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Berks man charged with contractor fraud
A Birdsboro landscaping contractor is accused of failing to finish a patio project after being paid nearly $13,000 in advance by a West Lawn homeowner.